Core Materials Market

- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025

  • Date July 2017
  • price $3619
 
 

The core material is a low strength material that has higher thickness. It provides the sandwich composite with high bending stiffness with overall low density. The sandwich consists of three layers-the face skin laminate, the core material, and the back-skin laminate. Introduction of a core in a laminate increases the section modulus, resulting in a significant increase in strength, stiffness, and the ability to create lightweight structures. There are a number of core materials available, which includes polyurethane foam, polyvinyl chloride (PVC) foam, polymethacrylimide (PMI), polystyrene foams, honeycomb core, wood core, balsa, and others.

Core materials are used in many industries due to their excellent physical properties and resistance to high temperature and moisture. Foam is expected to be the fastest growing core material type due to its toughness, elongation properties, higher heat, solvent, and moisture resistance while keeping the composite structure lightweight. PVC foam does not get brittle at cold temperature and can be used in cryogenic applications too. Foam as a core material finds its application in the marine, surface transport, wind energy, and aerospace industries.

China, India, Indonesia, and other Asian countries are emerging as major wind turbine manufacturers that fuel the consumption of foam core, thereby driving the core materials market for composites at a significant pace. Increase in the production of aircraft and growth in the space industry is the key factor that drives the honeycomb core material. According to the Boeing Company and Airbus Group, it is expected that 1,686 units of aircraft will be delivered worldwide by 2025, which is expected to propel the market growth.

The market is segmented on the basis of type, end-use industry, and geography. Based on type, the market is classified into foam, honeycomb, and balsa. Based on end-use industry the market is divided into aerospace, wind energy, marine, transportation, construction, and others. The geographic breakdown and deep analysis of each of the aforesaid segments have been covered for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

  • Growth in the wind energy industry
  • Growing use of core materials in the aerospace and space industry
  • Increase in investments in the marine industry

Restraints:

  • Delay and uncertainty in the renewal of production tax credit (PTC)
  • Highly capital-intensive market

Market Players:

The top players in the global core materials market are Diab Group (Ratos), Industries AG, Gurit Holding AG, 3A Composites, Hexcel Corporation, Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd, The Gill Corporation, Euro-Composites S.A., and Plascore Incorporated.

KEY TAKEAWAYS

Core Materials Market

MARKET LANDSCAPE

By Type

  • Foam
  • Honeycomb
  • Balsa
  • Others

By End-use Industry

  • Aerospace
  • Wind Energy
  • Marine
  • Transportation
  • Construction
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
1. Executive Summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and Recent Industry Development Analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market Landscape
3.1. Growth Drivers
3.1.1. Impact analysis
3.2. Restrains and Challenges
3.2.1. Impact analysis
3.3. Porters Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Core Material Market Shares Analysis, 20142025
3.4.1. Global core material market share by type, 20142025
3.4.2. Global core material market share by end-use industry, 20142025
3.4.3. Global core material market share by geography, 20142025
4. Market by Type
4.1. Foam
4.1.1. Historical market size by Region, 20142016
4.1.2. Market forecast by Region, 20172025
4.2. Honeycomb
4.2.1. Historical market size by Region, 20142016
4.2.2. Market forecast by Region, 20172025
4.3. Balsa
4.3.1. Historical market size by Region, 20142016
4.3.2. Market forecast by Region, 20172025
4.4. Others
4.4.1. Historical market size by Region, 20142016
4.4.2. Market forecast by Region, 20172025
5. Market by End-use industry
5.1. Aerospace
5.1.1. Historical market size by Region, 20142016
5.1.2. Market forecast by Region, 20172025
5.2. Wind Energy
5.2.1. Historical market size by Region, 20142016
5.2.2. Market forecast by Region, 20172025
5.3. Marine
5.3.1. Historical market size by Region, 20142016
5.3.2. Market forecast by Region, 20172025
5.4. Transportation
5.4.1. Historical market size by Region, 20142016
5.4.2. Market forecast by Region, 20172025
5.5. Construction
5.5.1. Historical market size by Region, 20142016
5.5.2. Market forecast by Region, 20172025
5.6. Others
5.6.1. Historical market size by Region, 20142016
5.6.2. Market forecast by Region, 20172025
6. Market by Geography
6.1. North America
6.1.1. U.S.
6.1.1.1. Historical market size, 20142016
6.1.1.2. Market forecast, 20172025
6.1.2. Canada
6.1.2.1. Historical market size, 20142016
6.1.2.2. Market forecast, 20172025
6.1.3. Mexico
6.1.3.1. Historical market size, 20142016
6.1.3.2. Market forecast, 20172025
6.2. Europe
6.2.1. UK
6.2.1.1. Historical market size, 20142016
6.2.1.2. Market forecast, 20172025
6.2.2. Germany
6.2.2.1. Historical market size, 20142016
6.2.2.2. Market forecast, 20172025
6.2.3. France
6.2.3.1. Historical market size, 20142016
6.2.3.2. Market forecast, 20172025
6.2.4. Spain
6.2.4.1. Historical market size, 20142016
6.2.4.2. Market forecast, 20172025
6.2.5. Italy
6.2.5.1. Historical market size, 20142016
6.2.5.2. Market forecast, 20172025
6.2.6. Rest of Europe
6.2.6.1. Historical market size, 20142016
6.2.6.2. Market forecast, 20172025
6.3. Asia-Pacific
6.3.1. China
6.3.1.1. Historical market size, 20142016
6.3.1.2. Market forecast, 20172025
6.3.2. Japan
6.3.2.1. Historical market size, 20142016
6.3.2.2. Market forecast, 20172025
6.3.3. India
6.3.3.1. Historical market size, 20142016
6.3.3.2. Market forecast, 20172025
6.3.4. Australia
6.3.4.1. Historical market size, 20142016
6.3.4.2. Market forecast, 20172025
6.3.5. South Korea
6.3.5.1. Historical market size, 20142016
6.3.5.2. Market forecast, 20172025
6.3.6. Rest of Asia-Pacific
6.3.6.1. Historical market size, 20142016
6.3.6.2. Market forecast, 20172025
6.4. LAMEA
6.4.1. Brazil
6.4.1.1. Historical market size, 20142016
6.4.1.2. Market forecast, 20172025
6.4.2. Saudi Arabia
6.4.2.1. Historical market size, 20142016
6.4.2.2. Market forecast, 20172025
6.4.3. South Africa
6.4.3.1. Historical market size, 20142016
6.4.3.2. Market forecast, 20172025
6.4.4. Rest of LAMEA
6.4.4.1. Historical market size, 20142016
6.4.4.2. Market forecast, 20172025
7. Company Profiles
7.1. Diab Group (Ratos)
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Evonik Industries AG
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. Gurit Holding AG
7.3.1. Overview
7.3.2. Financials and business segments
7.3.3. Recent developments
7.4. 3A Composites
7.4.1. Overview
7.4.2. Financials and business segments
7.4.3. Recent developments
7.5. Hexcel Corporation
7.5.1. Overview
7.5.2. Financials and business segments
7.5.3. Recent developments
7.6. Armacell International S.A.
7.6.1. Overview
7.6.2. Financials and business segments
7.6.3. Recent developments
7.7. Changzhou Tiansheng New Materials Co. Ltd.
7.7.1. Overview
7.7.2. Financials and business segments
7.7.3. Recent developments
7.8. The Gill Corporation
7.8.1. Overview
7.8.2. Financials and business segments
7.8.3. Recent developments
7.9. Euro-Composites S.A.
7.9.1. Overview
7.9.2. Financials and business segments
7.9.3. Recent developments
7.10. Plascore Incorporated
7.10.1. Overview
7.10.2. Financials and business segments
7.10.3. Recent developments

List of Tables
Table 1. Core Material Market Value, by Type, 2014-2025, $million
Table 2. Core Material Market Volume, by Type, 2014-2025, Kilotons
Table 3. Core Material Market Value, by End-use Industry, 2014-2025, $million
Table 4. Core Material Market Volume, by End-use Industry, 2014-2025, Kilotons
Table 5. Core Material Market Value, by Region, 2017-2025, $million
Table 6. Core Material Market Volume, by Region, 2017-2025, Kilotons
Table 7. Foam Based Core Material Market Value, by Region, 2017-2025, $million
Table 8. Foam Based Core Material Market Volume, by Region, 2017-2025, Kilotons
Table 9. Honeycomb Based Core Material Market Value, by Region, 2017-2025, $million
Table 10. Honeycomb Based Core Material Market Volume, by Region, 2017-2025, Kilotons
Table 11. Balsa Based Core Material Market Value, by Region, 2017-2025, $million
Table 12. Balsa Based Core Material Market Volume, by Region, 2017-2025, Kilotons
Table 13. Other Core Material Market Value, by Region, 2017-2025, $million
Table 14. Other Core Material Market Volume, by Region, 2017-2025, Kilotons
Table 15. Core Material Market Value for Aerospace, by Region, 2017-2025, $million
Table 16. Core Material Market Volume for Aerospace, by Region, 2017-2025, Kilotons
Table 17. Core Material Market Value for Wind Energy, by Region, 2017-2025, $million
Table 18. Core Material Market Volume for Wind Energy, by Region, 2017-2025, Kilotons
Table 19. Core Material Market Value for Marine, by Region, 2017-2025, $million
Table 20. Core Material Market Volume for Marine, by Region, 2017-2025, Kilotons
Table 21. Core Material Market Value for Transportation, by Region, 2017-2025, $million
Table 22. Core Material Market Volume for Transportation, by Region, 2017-2025, Kilotons
Table 23. Core Material Market Value for Construction, by Type, 2014-2025, $million
Table 24. Core Material Market Volume for Construction, by Type, 2014-2025, Kilotons
Table 25. Core Material Market Value for Others, by Region, 2014-2025, $million
Table 26. Core Material Market Volume for Others, by Region, 2014-2025, Kilotons
Table 27. Core Material Market Value for North America, by Country, 2014-2025, $million
Table 28. Core Material Market Volume for North America, by Country, 2014-2025, Kilotons
Table 29. Core Material Market Value for North America, by Type, 2014-2025, $million
Table 30. Core Material Market Volume for North America, by Type, 2014-2025, Kilotons
Table 31. Core Material Market Value for North America, by End-use Industry, 2014-2025, $million
Table 32. Core Material Market Volume for North America, by End-use Industry, 2014-2025, Kilotons
Table 33. Core Material Market Value for Europe, by Country, 2014-2025, $million
Table 34. Core Material Market Volume for Europe, by Country, 2014-2025, Kilotons
Table 35. Core Material Market Value for Europe, by Type, 2014-2025, $million
Table 36. Core Material Market Volume for Europe, by Type, 2014-2025, Kilotons
Table 37. Core Material Market Value for Europe, by End-use Industry, 2014-2025, $million
Table 38. Core Material Market Volume for Europe, by End-use Industry, 2014-2025, Kilotons
Table 39. Core Material Market Value for Asia-Pacific, by Country, 2014-2025, $million
Table 40. Core Material Market Volume for Asia-Pacific, by Country, 2014-2025, Kilotons
Table 41. Core Material Market Value for Asia-Pacific, by Type, 2014-2025, $million
Table 42. Core Material Market Volume for Asia-Pacific, by Type, 2014-2025, Kilotons
Table 43. Core Material Market Value for Asia-Pacific, by End-use Industry, 2014-2025, $million
Table 44. Core Material Market Volume for Asia-Pacific, by End-use Industry, 2014-2025, Kilotons
Table 45. Core Material Market Value for LAMEA, by Country, 2014-2025, $million
Table 46. Core Material Market Volume for LAMEA, by Country, 2014-2025, Kilotons
Table 47. Core Material Market Value for LAMEA, by Type, 2014-2025, $million
Table 48. Core Material Market Volume for LAMEA, by Type, 2014-2025, Kilotons
Table 49. Core Material Market Value for LAMEA, by End-use Industry, 2014-2025, $million
Table 50. Core Material Market Volume for LAMEA, by End-use Industry, 2014-2025, Kilotons
Table 51. Diab Group (Ratos) - Company Snapshot
Table 52. Evonik Industries AG - Company Snapshot
Table 53. Gurit Holding AG - Company Snapshot
Table 54. 3A Composites - Company Snapshot
Table 55. Hexcel Corporation - Company Snapshot
Table 56. Armacell International S.A. - Company Snapshot
Table 57. Changzhou Tiansheng New Materials Co. Ltd. - Company Snapshot
Table 58. The Gill Corporation - Company Snapshot
Table 59. Euro-Composites S.A. - Company Snapshot
Table 60. Plascore Incorporated - Company Snapshot

List of figures
Figure 1. Core Material: Segmentation
Figure 2. Top Investment Pockets, by Type
Figure 3. Top Winning Strategies
Figure 4. Bargaining Power of Suppliers
Figure 5. Bargaining Power of Buyers
Figure 6. Threat of New Entrants
Figure 7. Threat of Substitutes
Figure 8. Competitive Rivalry
Figure 9. Core Material Market Share, by Type, 2014-2025, (%)
Figure 10. Core Material Market Share, by End-use Industry, 2014-2025, (%)
Figure 11. Core Material: U.S. Market Value, 2014-2016, $million
Figure 12. Core Material: U.S. Market Value, 2017-2025, $million
Figure 13. Core Material: Canada Market Value, 2014-2016, $million
Figure 14. Core Material: Canada Market Value, 2017-2025, $million
Figure 15. Core Material: Mexico Market Value, 2014-2016, $million
Figure 16. Core Material: Mexico Market Value, 2017-2025, $million
Figure 17. Core Material: UK Market Value, 2014-2016, $million
Figure 18. Core Material: UK Market Value, 2017-2025, $million
Figure 19. Core Material: Germany Market Value, 2014-2016, $million
Figure 20. Core Material: Germany Market Value, 2017-2025, $million
Figure 21. Core Material: France Market Value, 2014-2016, $million
Figure 22. Core Material: France Market Value, 2017-2025, $million
Figure 23. Core Material: Spain Market Value, 2014-2016, $million
Figure 24. Core Material: Spain Market Value, 2017-2025, $million
Figure 25. Core Material: Italy Market Value, 2014-2016, $million
Figure 26. Core Material: Italy Market Value, 2017-2025, $million
Figure 27. Core Material: Rest of Europe Market Value, 2014-2016, $million
Figure 28. Core Material: Rest of Europe Market Value, 2017-2025, $million
Figure 29. Core Material: China Market Value, 2014-2016, $million
Figure 30. Core Material: China Market Value, 2017-2025, $million
Figure 31. Core Material: Japan Market Value, 2014-2016, $million
Figure 32. Core Material: Japan Market Value, 2017-2025, $million
Figure 33. Core Material: India Market Value, 2014-2016, $million
Figure 34. Core Material: India Market Value, 2017-2025, $million
Figure 35. Core Material: Australia Market Value, 2014-2016, $million
Figure 36. Core Material: Australia Market Value, 2017-2025, $million
Figure 37. Core Material: South Korea Market Value, 2014-2016, $million
Figure 38. Core Material: South Korea Market Value, 2017-2025, $million
Figure 39. Core Material: Rest of Asia-Pacific Market Value, 2014-2016, $million
Figure 40. Core Material: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 41. Core Material: Brazil Market Value, 2014-2016, $million
Figure 42. Core Material: Brazil Market Value, 2017-2025, $million
Figure 43. Core Material: Saudi Arabia Market Value, 2014-2016, $million
Figure 44. Core Material: Saudi Arabia Market Value, 2017-2025, $million
Figure 45. Core Material: South Africa Market Value, 2014-2016, $million
Figure 46. Core Material: South Africa Market Value, 2017-2025, $million
Figure 47. Core Material: Rest of LAMEA Market Value, 2014-2016, $million
Figure 48. Core Material: Rest of LAMEA Market Value, 2017-2025, $million
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